Beware of Everbank. I paid $14.99 for a Weiss rating last week, and Everbank is a very risky bank, rated E-.
Everbank also has 50% of its portfolio in FL residential mortgages, so that will be a double whammy for them. I don’t think that the current rating is reflecting that looming problem for them, because the foreclosures and debt losses are not a reality yet.
I just contacted USAA to find out if I could maintain an account in foreign currency. Short answer: No. I was hoping that since USAA services so many people stationed overseas that they would have a vehicle whereby people could maintain accounts in something other than dollars. I tried to explain why I wanted an account in something other than dollars to the woman helping me but it was pointless. She did, however, ask someone else if what I was requesting was possible so I hope I got the right answer.
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